RESOLUTION NO. 852 OF THE BOARD OF DIRECTORS OF
TULARE REGIONAL MEDICAL CENTER

WHEREAS, the Board of Directors (the ?Board?) of Tulare Local Healthcare
District dba Tulare Regional Medical Center (the ?District?) has determined that it is
necessary and appropriate, and in the best interests of the District to borrow funds to
cover operating cash flow; and 

WHEREAS, the Board has determined that it is necessary and appropriate, and in
the best interests of the District, to have its manager, HealthCare Conglomerate
Associates, LLC acting through its Chairman, Benny Benzeevi, M.D
(?Authorized Representative?) seek to obtain a loan for the purposes of payment of
operating expenses of the Hospital, repayment of debt, payment of ongoing costs of
construction of the Tower project, and for other Hospital purposes. -

NOW, THEREFORE, BE IT RESOLVED THAT the District?s Authorized"
Representative is authorized and directed to prepare, execute and submit to potential
lenders applications for a commitment to make a loan, or other agreement for the
extension of credit to the District, in an amount of up to $22,000,000, upon such terms
and at such interest rate as the District?s Authorized Representative determines to be fair
and consistent with the marketplace for the purposes stated above.

FURTHER RESOLVED, that if a loan commitment is obtained, the Authorized
Representative is authorized and directed to take any further actions and to execute, in the
"name of and on behalf of the District, any instruments and documents required by the
lender to obtain such loan, including, without limitation, promissory notes, security
instruments and other customary loan documents (which includes sale/leaseback
documents which are used for ?nancing purposes), it being the intention of the Board
that the Authorized Representative shall have absolute, full and complete power and
authority to execute and deliver to the lender any and all documents and instruments
required to obtain and consummate such loan, and to take any further actions required to
obtain and consummate such loan.

FURTHER RESOLVED, that the Board acknowledges and agrees that except to 
the extent prohibited by applicable law and any existing Bond documents, all WOW
(real and personal), equipment, revenues, deposit accounts and other assets oftliFlTistrict
may be used as security for any loan obtained pursuant to this Resolution.



IN WITNESS WHEREOF, I have hereto set my name as Secretary of the
District, this day of June, 2017. - 

 

Mike Jamaica, Secretary

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